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Deloitte organizes a seminar on corporate climate change Ambassador Chien is invited to analyze risks

On Thursday, April 11, Deloitte Taiwan responds to the challenges and opportunities presented by the Climate-Related Financial Disclosure Proposal for risk assessments and financial disclosures related to climate change. Hosted at the Socrates Hall, Deloitte will conduct a seminar on "New Thinking in Business Operations-Challenges and Opportunities for Climate Change". Ambassador Chien, Chairman of the Taiwan Institute of Sustainable Energy, was invited to attend and deliver a speech. The speakers also included Mr. Eric Dugclay, a partner of the Deloitte Department of France, and a TCFD member, as well as the Deloitte Sustainability Service in Japan. The project assistant is also a member of the Ministry of Economy, Trade and Industry's TCFD project, Ms. Megumi Shiose During the interview period, the executive vice president of Zhang Yijun, the risk consulting service of Qinye Zhonexin United Certified Public Accountants Co., Ltd., hosted the interview. In addition the two foreign speakers mentioned above, the BCSD Enterprise Sustainable Development Association Dongli, and the Secretary-General and Vice Chairman of the Corporate Governance Department of the Stock Exchange, Mr. Yu Zonepu, also attended the meeting.

In a speech eniled "Climate Change. Opportunities and Challenges Management", the Ambassador pointed Conference of the Parties to the UN Convention on Climate Change (COP24) adopted the Paris Agreement. Strengthening the global carbon reduction framework, transitional risks brought about by the energy transformation of various economies will span regulations, technological innovation, markets, and investment. Under the influence of cdlimate change, the concept of using renewable energy can create huge business opportunities and employment opportunities. Enterprises conduct comprehensive assessment and quantification of climate-related risks, opportunities and financial impacts.

Zhang Yizhen, Executive Deputy General Manager, explained in the welcome speech that the Financial Stability Board (FSB) established the Task Force on Climate-related Financial Disclosures (TCFD) to develop effective climate-related disclosure recommendations. TCFD has made a lot of progress in promoting more informed investment, credit and insurance underwriting decisions. In 2017, it issued the Climate- Related Financial Disclosure Proposal to promote the transparency of climate change information disclosure to assist all financial market participants in capturing relevant risks and opportunities. The company is proud to invite domestic and foreign speakers to the conference, and we look forward to working with the company to implement the goal of sustainable development.

Eric Dugelay said that no matter what kind of industry is likely to be affected by climate change and its geophysical consequences, the impact on the supply chain is more variable, and it i difficult to establish a strategy. In France, for example, the top 40 companies on the Paris Stock Exchange (CAC 40) signed a statement in 2017 to support TCFD, and many companies have been able to identify climate issues and begin to address these issues at a strategic level. Yan Hui pointed out that Japanese Prime Minister Shinzo Abe stated that the adjustment measures for bal warming are no longer the cost of the company, but the the necessary improvement for competitiveness. Companies that actively respond to environmental problems can attract funds from all over the world and prepare for the next phase of development. In July 2018, the Ministry of Economy, Trade and Industry of Japan established the TCFD Implementation Research Group, a research group that implements TCFD recommendations to mobilize green finance through active corporate disclosure. The Ministry of Economy, Trade and Industry has further released the TCFD Guidance on December 25, 2018, hoping to promote a virtuous circle between environmental protection and economic growth With the continued rise of Taiwanese companies and their emphasis on sustainability issues, organizations should actively assess and expose their climate-related risks and opportunities to ensure that short-, medium-, and long-term actions are beneficial to manage climate change risks. Among them, market opportunities will be obtained.